Financial Stability Forum to
hold Asia-Pacific meeting on 16 March
The Financial Stability Forum (FSF)
BIS Press Office
+41 61 280 8188
+41 61 280 8298www.fsforum.org
Ref no: A5/2006
10 March 2006
Financial Stability Forum to hold Asia-Pacific meeting on 16 March
The FSF will issue press releases covering the main items discussed at the close of these meetings. There will be no press conference.
The Asia-Pacific regional meeting will review potential vulnerabilities in the international and regional financial systems. Meeting participants will also discuss efforts underway to develop and strengthen regional financial systems. Senior officials from finance ministries, central banks and/or financial regulatory/supervisory authorities in Australia, China, Hong Kong SAR, India, Indonesia, Japan, Korea, Malaysia, New Zealand, Pakistan, the Philippines, Singapore and Thailand, as well as other FSF members, will attend the meeting.
The FSF plenary meeting will assess potential vulnerabilities in the international financial system. The FSF will also discuss developments in the hedge fund sector, overall financial sector resilience, and the possible implications of an influenza pandemic for financial systems. The FSF will also review follow-up work on issues of previous interest, including international accounting and auditing matters, international standard setting processes, and off-shore financial centres.
About the Financial Stability Forum
The FSF brings together national authorities responsible for financial stability in significant international financial centres, international financial institutions, sector-specific international groupings of regulators and supervisors, and committees of central bank experts. It was established by the G7 finance ministers and central bank governors in February 1999 to promote international financial stability through enhanced information exchange and international cooperation in financial market supervision and surveillance. The FSF is chaired Roger W Ferguson Jr, Vice Chairman of the Board of Governors of the Federal Reserve System. The FSFs Secretariat is based at the Bank for International Settlements in Basel, Switzerland.
The objective of the FSFs regional meetings is to promote wider exchanges of views on financial vulnerabilities and the work underway nationally and internationally to address them.
For further information on the FSF, its membership and previous FSF meetings, visit the FSF website at www.fsforum.org.
The Financial Stability Forum will hold its fourth Asia-Pacific regional meeting on 16 March and its fifteenth plenary meeting on 17 March 2006 in Sydney.
See the attached press alert for details.
BIS Press & Communications
Financial Stability Forum
Financial Stability Forum (FSF) was convened in April 1999 to promote international financial stability through information exchange and international co-operation in financial supervision and surveillance.
The Forum brings together on a regular basis national authorities responsible for financial stability in significant international financial centres, international financial institutions, sector-specific international groupings of regulators and supervisors, and committees of central bank experts.
The FSF seeks to co-ordinate the efforts of these various bodies in order to promote international financial stability, improve the functioning of markets, and reduce systemic risk.
The next FSF meeting will be held in Sydney on 17 March 2006.
Press alert: Financial Stability Forum to hold meetings in Sydney next weekAttachment: PressalertA5_2006_FSF_Sydney.doc (0.32 MB)
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Friday, March 10, 2006